Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform, which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Cardano is more than just a cryptocurrency, however, it is a technological platform that will be capable of running financial applications currently used every day by individuals, organisations and governments all around the world. The platform is being constructed in layers, which gives the system the flexibility to be more easily maintained and allow for upgrades by way of soft forks. After the settlement layer that will run Ada is complete, a separate computing layer will be built to handle smart contracts, the digital legal agreements that will underpin future commerce and business. Cardano will also run decentralised applications, or dapps, services not controlled by any single party but instead operate on a blockchain.
Who is behind the Platform?
Three main actors are behind the platform
IOHK, the research and development company. IOHK does the research, develops and maintains the protocol.
Emurgo, drives adoption, incubates and supports commercial ventures on Cardano.
Cardano Foundation, a non-profit foundation, based in Switzerland, acts as a supervisory and strengthens the community.
Because it is a 3rd generation of cryptocurrencies and is focused to develop 3 characteristics: 1. Scalability: is often confused with transactions per seconds (TPS), but it's the idea to gain resources with every user that comes into the system. 2. Interoperability: be interoperable with other cryptocurrencies, as well as with the legacy financial systems. 3. Sustainability: a system that governs itself and can also finance itself without being dependent on donations.
What is staking?
In contrast to a proof of work system, where everyone tries to solve a riddle to mine a block and get a reward, it's more like a lottery in a proof of stake system.
In this lottery each ADA is like a ticket and everyone who participates can win the lottery, but of course, those with more ADA have more tickets and thus a better chance to win the lottery and get a reward.
To be precise, you don't win the block but the chance to make block. The one who wins the lottery has to do a tiny bit of work.
This is where the concept of delegation comes into play. A stake pool is online 24/7 on your behalf, so you don't have to be. You can “delegate” your ADAS, and give your chances to win the lottery to a pool.
To be crystal clear: delegating your stake to a pool does not put your ADA at risk. You are not sending your ADA, they are not locked up in a way, there is no minimum and you can still at any time add or remove ADA from your wallet. The worst thing that can happen is that your selected pool does not perform well, make sure to track your pool performance from time to time.
By the way Cardano's proof of stake protocol “Ouroboros” is several thousand times more cost and energy effective than Bitcoins proof of work and it's the first proof of stake protocol, that has mathematically been shown to be provable secure.
Stake your Ada with us!
Only 4% fee Ticker in stake pool registry: “ADP” Stakepool name: “Adapolis”
Option A _ Daedalus is the official wallet for ADA cryptocurrency, which is open source software, which is available for Windows, Mac and Linux. When you use Daedalus, you retain complete control of your keys, which are protected by advanced cryptography. The development team behind the wallet claims that future releases will allow third-party developers to develop their own applications for increased functionality, for example, to set up recurring payments or exchange one cryptocurrency for another. Option B _ Yoroi is a lite hierarchical deterministic (HD) wallet for ada cryptocurrency, running as a Chrome or Firefox extension. It connects to a full Cardano node hosted by a third party (Emurgo). Yoroi allows for instant initial setup, quick and easy operation with minimum usage of system resources. Runs on Windows, Mac, and Linux, as well as iOS and Android. Yoroi also support cold storage with Ledger Nano S,X and with Tezos.
How to buy ADA?
www.kraken.com I really recommend Kraken. You can deposit fiat via a free SEPA bank transfer. They have ADA/USD and ADA/EUR pairs, which means that you can directly buy ADA without going through Bitcoin or Ethereum.
Get in touch
interdum et malesuada fames ac ante ipsum primis in faucibus. Pellentesque venenatis dolor imperdiet dolor mattis sagittis.